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Features and Amenities at 45 Annandale Rd

Location, location, location! John Ellis house, first time on the market in 40 years.Historic charm, within walking distance to all Newport offers. Established neighborhood. This legal 3-apartment home has much to offer and many options for use as your needs change. Return it back to a stately single-family or large family home with a guest wing.Condominiums are an easy conversion or remain as three income-producing rental units.The original house is about 200 years old and is what remains from a sprawling farm stretching from the historic Cliff Walk toward the famed Newport Harbor, and now sits on a highly desirable corner in the Annandale/Cliff Walk Road corridor.All the bones are done: entire new roof (December/2016), new wiring, plumbing, thermal windows, sewer line, basement beams, total conversion of heating oil to gas, separate meters for gas/electric/water. With some cosmetic updates, and a few minor changes in each unit will increase the number of bedrooms and boost the total rents and which can instantly increase your cap rate.The actual current annual lease rents total $4650/month.

Mortgage Calculator

With a current price of $875,000 and a mortgage rate of 4.0%, someone purchasing 45 Annandale Rd, Newport, RI , 02840 could expect to have a monthly payment of $4,523. This assumes a 20% down payment of $175,000 , a high credit score and a 30 year fixed-rate mortgage. You can use the mortgage calculator to estimate the monthly payment with different values.

Are you or your spouse a veteran or current member of the armed forces

Request Information

Yes, either myself or my spouse is a Veteran or current member of the Armed Forces.

By clicking “submit”, I provide my signature and consent to be contacted by Homes.com customers and vendors regarding products or services at the number I provided via live, automated or prerecorded phone call. I understand (a) my consent is not required as a condition of any purchase and (b) I can revoke consent at any time.

Listing Source:

State-Wide Multiple Listing Service

Offered By:

WILLIAM RAVEIS CHAPMAN ENSTONE

Office Phone:

401-846-3800

Last Change:

09/10/2017

Days on Site:

92

Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.